LONDON, November 12, 2013 /PRNewswire/ --
Former Boston Consulting Group Principal brings more than a decade of corporate strategy and business development experience to leading market-maker
OANDA Corporation, a global provider of innovative foreign exchange trading services, is pleased to announce the appointment of Vatsa Narasimha as the company's Executive Vice President and Chief Strategy Officer. Formerly a Principal at The Boston Consulting Group, Mr. Narasimha is responsible for assessing and managing OANDA's overall corporate and geographic growth strategies.
"I am delighted to welcome Vatsa to OANDA's executive management team. His knowledge of and experience in the financial and forex industries will be an asset to OANDA as we continue to develop and execute our growth strategies," said K Duker, CEO, OANDA Corporation. "Vatsa will work with our senior management team to ensure OANDA's strategic direction aligns with our values, objectives, and commitment to our clients."
Prior to joining OANDA, Mr. Narasimha spent eight years at The Boston Consulting Group as a core member of that firm's Corporate Development and Financial Institutions practices. He has served an entire spectrum of financial institutions from retail and investment banks, to asset and wealth management, to working with exchanges and other institutions on a variety of growth strategies, corporate development, and operational issues.
"I am excited to join the talented and innovative team at OANDA," said Mr. Narasimha. "This company is an established global technology and forex industry leader with an incredibly bright future. I look forward to the challenge and opportunity to contribute to its continuing success."
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OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company's leading online forex trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company's many awards attest to the power and flexibility of its trading platform. In 2012, OANDA was named "Best Forex Provider" by the Financial Times and by Investors Chronicle; "Best FX Broker" by Forex Magnates; and was recognized by Investment Trends Singapore as providing "Best Value for Money" and "Highest Overall Client Satisfaction".
OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.
OANDA has five offices worldwide, in Chicago, London, Singapore, Tokyo, and Toronto. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).